Health

CVS Merger Could Net Aetna CEO $500 Million

(ShutterStock/Casimiro PT)

Daily Caller News Foundation logo
Nick Givas Media And Politics Reporter
Font Size:

Aetna CEO Mark Bertolini stands to make $500 million in cash and stock after the company is absorbed by CVS Health later next year.

Bertonlini will no longer serve as CEO once the deal is completed, but he will be rewarded for his 925,000 shares of company stock, according to CNNMoney.

CVS announced plans Sunday to purchase Aetna for $67.5 billion, and expects the deal to go through in the latter half of 2018. The Department of Justice needs to authorize the merger before it can be finalized.

Bertolini is also poised to collect $10 million in cash under a “change of control” clause in his contract, according to the report.

Bertolini has worked for Aetna since 2003, and served as CEO since 2010.

You can Follow Nick on Twitter and Facebook

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

Tags : aetna cvs
Nick Givas